TradeTech FX London
ParFX attended TradeTech FX London.
P&L Scandinavia
ParFX attended P&L Scandinavia.
EBS to open NDF pool to non-bank players*†
The measures included installing randomised pauses in the most liquid currency pairs, a move imitating ParFX, and setting minimum requirements for market-makers, including fill ratios and other measures to limit the viability of aggressive high-frequency trading (HFT) strategies.
Few Surprises in Latest BIS Figures*†
Likewise, Dan Marcus, CEO of ParFX, comments: “When the results of the last BIS Triennial Survey were published in 2013, we were looking at a very different market landscape than we are today. In the past three years, there has been a significant shift in market structure, undoubtedly influenced by elements such as black swan events such as the SNB decision, extended periods of low volatility and interest rates, and the continued prominence of disruptive latency-led misbehaviour.
BIS triennial FX survey shows fall in turnover*
With the focus briefly on Asia, Dan Marcus, CEO of ParFX, notes that: “Perhaps unsurprisingly, the data shows that Chinese renminbi has become the most actively traded emerging market currency, overtaking the Mexican peso to become the eighth top-traded currency in the world. With demand set to continue growing, it became clear to us that trading the renminbi in an environment of genuine interest and firm liquidity is a paramount factor for market participants when deciding where to trade.”
Insurance companies, pension funds dominate currency trading: BIS*
"It is also important to note that one of the biggest game-changers in recent years has been the rise in non-bank market-makers in the FX market, significantly altering market structure as we know it," said Dan Marcus, CEO of ParFX, an electronic trading platform.
Insurance companies, pension funds dominate currency trading: BIS*
"It is also important to note that one of the biggest game-changers in recent years has been the rise in non-bank market-makers in the FX market, significantly altering market structure as we know it," said Dan Marcus, CEO of ParFX, an electronic trading platform.
Currency Market Shrugs Off Threats to Stay Above $5 Trillion*
“One of the foreign-exchange market’s best qualities is its ability continuously to adapt and stay relevant in light of changing market and regulatory conditions,” Dan Marcus, London-based chief executive officer of Cie. Financiere Tradition SA’s ParFX platform, said before the BIS report was released.
Currency Trading Down for the First Time Since 2001*†
“With demand for the offshore renminbi set to continue growing, it became clear to us that trading the renminbi in an environment of genuine interest,” said Dan Marcus, chief executive of ParFX,a wholesale trading platform.
The biggest challenge in implementing Sebi’s algo curbs could be Sebi*
Another proposed change in market design is randomising order execution. Three trading platforms in the forex space—ICAP’s EBS, ParFX and Thomson Reuters Matching, have done this in different ways to slow down HFT.